RBI’s Chakrabarty on IT initiatives


KC Chakrabarty, the deputy governor of the Reserve Bank of India, on Tuesday outlined the central bank’s initiative to improve technology in the banking sector.

At the 6th CII Banking TECH Summit 2011 in Mumbai, India, Chakrabarty said the Reserve Bank of India’s IT Vision report for 2011 to 2017 aims to transform the central bank into a knowledge organisation, using IT as a strategic resource, IT governance and environmentally friendly initiatives, including green computing.

Chakrabarty said

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